Vancouver, British Columbia - Bell Copper Corporation ("Bell" or the "Company") (TSX-V: BCU) announces that the Company has entered into a binding letter of intent (the "LOI") with Phoenix Copper Corporation ("Phoenix"), pursuant to which Phoenix has been granted an option (the "Option") to acquire a 51% interest in and to the Kabba Project (the "Property").
Under the terms of the LOI, Phoenix may earn a 51% interest in the Property by completing $5 million in expenditures on the Property on or before the date which is five years from the date of the LOI with the following minimum expenditures within the time indicated:
$1,000,000 within eighteen months of the date of the LOI; and
a minimum of $500,000 during each twelve month period after the initial eighteen months from the date of the LOI.
During the term of the Option, Phoenix shall act as manager of the Property and is required to keep the Property in good standing including a lease with a third party that covers part...
Vancouver, British Columbia - Bell Copper Corporation ("Bell" or the "Company") (TSX-V: BCU) announces that the Company has implemented a reconstitution of its board of directors with the appointments of Dr. Timothy Marsh (the former president of Bell), Brian Leeners and Francis Ling as directors of the company, who have replaced the previous board composed of Michael Werner, Keith Droste and Richard Ternieden.
The new board will review the company and implement a strategic plan to maximize value for shareholders.
As part of the board reconstitution, Mr. Werner has resigned as Bell's chief executive officer and Dr. Marsh has been appointed to this office.
On behalf of the Board of Directors of
Bell Copper Corporation
Timothy Marsh, CEO & Director
For further information please contact the Company
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts res...